Lightspeed Said to Be Raising $875 Million for U.S., China Funds
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Lightspeed Venture Partners, an investor in LivingSocial.com, has almost completed raising two funds, one in the U.S. and one in China, totaling about $875 million, according to two people with knowledge of the matter.
The Menlo Park, California-based firm’s U.S. fund is gathering about $675 million, with the remaining $200 million going to the China fund, said the people, who asked not to be identified because the information isn’t public.